Traders work on the floor at the New York Stock Exchange, November 4, 2019. Brendan McDermid | Reuters Stock futures pointed to a higher open on Thursday morning, adding to a record-setting rally in the year-end. Futures on the Dow Jones Industrial Average rose about 36 points, implying a 31-point gain at the open. Futures
Donald Trump Carlo Allegri | Reuters President Donald Trump’s stock market stacks up well against the majority of his presidential predecessors. The S&P 500 has returned more than 50% since Trump was elected, more than double the 23% average market return of presidents three years into their term, according to data from Bespoke Investment Group
For most households, sticking to a budget is apparently far easier said than done. Even though most consumers (74%) say they have a budget, 79% of them fail to stick to it, according to research from crowd-sourced shopping platform SlickDeals.net. On average, the weekly amount that people spend — not including bills like mortgage or
Getty The SECURE Act, which will become effective January 1, 2020, could more appropriately be called the Extreme Death-Tax for IRA and Retirement Plan Owners Act. IRA and retirement plan owners should take action to protect their financial legacy, preferably before year-end. Why The Death Of The Stretch IRA Is Important The ticking time
Getty It’s the ninth day of my 12 Days of Charitable Giving for 2019. Readers have suggested deserving charities over the past few weeks, and I’ll be posting the results here. Today’s charity is 13thirty. 13thirty Cancer Connect, Inc. was established in 2001 following the death of Melissa Sengbusch who was 19 years old when
The multifamily sector in Phoenix has been making headlines lately. The fifth-largest city in the U.S. had the nation’s fastest-rising rents in November, according to data from Yardi Matrix, a California-based provider of commercial real estate market information. New apartments in downtown Phoenix, Arizona, on a sunny day. Getty “Job growth and strong in-migration continue to
Senior Pentagon officials have told members of the Armed Forces to skip what may seem like the perfect holiday gift — an at-home DNA test. In a Dec. 20 memo obtained by NBC News, Under Secretary of Defense for Intelligence Joseph Kernan and James Stewart, acting Under Secretary of Defense for Personnel and Readiness, said
A view of electric cars owned by a local car-sharing company in Wuhan, China. Feature China | Barcroft Images | Barcroft Media | Getty Images BEIJING — When an idea strikes a chord with national ambition in China, the result can be millions of dollars wasted and a handful of start-ups struggling to survive in
Becoming an entrepreneur is a dream to which many of us aspire, and a worthwhile financial goal. Still, many first-time entrepreneurs — and even experienced pros — can sometimes sabotage their best efforts with some typical mistakes. When you’re ready to roll-up your sleeves and start your own business, keep your eyes open for these
Introduction and Action Steps The Setting Every Community Up for Retirement Enhancement Act of 2019, called the “SECURE Act” makes significant changes to how IRAs and certain retirement benefits must be treated post-death. Rules Committee Print 116–44 Text of the House Amendment to the Senate Amendment To H.R. 1865, December 16, 2019, the “Further Consolidated Appropriations
Getty How many of you are dreading the breakout of political warfare over Christmas dinner? I am and I’m not even formally eligible to celebrate the holiday. I’ve seen no reliable count, but I sense that tens to hundreds of thousands of families have already come apart thanks to the Great Divider. The President, while
photo: Getty If the goal of business is to identify what the client needs — and deliver it — why, then, do we think this is going “over and above”? Going over and above means to beyond a normal amount. But what is normal? And whose measuring stick are we using? Is it going over
(L-R) Gamers ‘Ninja’ and ‘Marshmello’ pose together during the Epic Games Fortnite E3 Tournament at the Banc of California Stadium on June 12, 2018 in Los Angeles, California. Christian Petersen | Getty Images If you were a gamer about 10 years ago, you likely spent your time running to GameStop to pony up $60 for
It sounds like a great idea. To solve your financial woes, you temporarily change your habits and hope that will result in more cash and better habits. Problem is, it may backfire. At best, the key word is “temporary.” Just like with food or health diets, whatever you do to make some kind of change
Before we can discuss bonds in depth, it is important that we establish a common understanding of what bonds are and how they work. As a starting point, a bond is a contractual obligation to make a series of specific payments on specific dates. Typically, this includes interest payments made on a semiannual basis until
Ah…opportunity zones. Not since my private message pursuit of Kristen Bell have I invested so much time and effort into something only to receive nothing in return. To be honest, the whole opportunity zone thing has been a bit of a phenomenon. Once an overlooked eight pages of sloppily-written text buried deep within the Tax
photo: Getty Successfully flipping a house depends on adding value with construction. Effectively adding that value requires strategic planning and successful management of contractors. Frequent advice on flipping a house begins with, “Get at least three bids, and make the contractor responsible for overages.” This advice assumes contractors know the expected costs and are capable
Boeing‘s incoming CEO, David Calhoun, a 10-year board member, is inheriting a company in crisis, as the nation’s top exporter navigates the fallout from two crashes of its bestselling 737 Max planes. Analysts painted a picture of Calhoun as a logical choice to right the ship. Boeing ousted CEO Dennis Muilenburg, announcing Calhoun as his
Former Uber Technologies CEO and co-founder Travis Kalanick walks on the floor of the New York Stock Exchange during the company’s IPO May 10, 2019. Andrew Kelly | Reuters Travis Kalanick is on course to completely exit his stake in Uber. The co-founder and former CEO of the ride-hailing company has sold more than $2.5
The fantasy sports website DraftKings Scott Olson | Getty Images Daily fantasy sports company and bookmaker DraftKings is merging with a special purpose acquisition company, allowing it to become public while forgoing the typical IPO process. DraftKings is combining with SBTech, a betting and gaming company, and Diamond Eagle Acquisition Corp., a SPAC with a